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This Genius Solution To PayDay Lending Deserves Your Attention - Ennie Lim -#687
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Many people living paycheck to paycheck fall into a financial tailspin for lack of $500 or $1,000. A desperately needed but unanticipated car repair is enough to start a family on a collision course with financial ruin.
PayDay loans are so expensive that customers often end up simply revolving the balance for months, paying weekly or bi-weekly fees to renew the loan and over the course of a year end up paying multiples of the original loan principal--sometimes without ever paying off the loan.
Ennie Lim at HoneyBee…
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